Sep, 30, 2025 — GAF LINDEN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PARSIPPANY, NJ with 1 branch location and about $4.50 million in total assets. Opened 89 years ago in 1937, GAF LINDEN EMPLOYEES FEDERAL CREDIT UNION has about 499 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GAF LINDEN EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Campus Dr PARSIPPANY, NJ 07054-4404 |
| Phone: | (973) 628-3852 |
| Fax: | (973) 628-3563 |
| Website: | https://www.gafcreditunion.org |
| Branches: | 1 branch locations |
| Members: | 499 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2348 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,503,617 |
| CEO/Manager: | Denise Faver |
| Chairperson: | Lori Starr |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 34,144 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 146,105 |
| Unsecured Loans | 470,384 |
| Other Loans | 474,813 |
| TOTAL LOANS | 1,091,303 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,171 |
| Land And Building | 0 |
| Other Fixed Assets | 84 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 43,070 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,503,617 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,631 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 302,190 |
| Regular shares | 3,414,383 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,716,573 |
| TOTAL LIABILITIES | 3,723,204 |
| Regular Reserve | 0 |
| Other Reserves | 55,439 |
| Undivided Earnings | 724,974 |
| TOTAL EQUITY | 780,413 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,503,617 |
| INCOME & EXPENSE | |
| Loan Income | 54,134 |
| Investment Income | 52,079 |
| Other Income | 2,140 |
| Total Employee Compensation & Benefits | 69,755 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 40,701 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,300 |
| Cost of Funds | 4,414 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -6,405 |
| ↑ Back to Top | |